§ 36-10-4-39 — Payment for land taken or purchased or work done by contract; recording of land description and purpose of acquisition

(a) The board shall pay to the parties the
amounts respectively due them for land taken or purchased or work
done by contract or otherwise from the fund derived from the sale of
bonds and from assessments of benefits. No other source may be used
for this payment. If the land or a part of it is secured by purchase or
contract, the payment shall be made according to the terms of the
contract. If land is taken by condemnation, the amount of damages
assessed shall be paid or tendered within ninety (90) days after the final
determination of the condemnation proceedings, or as soon after that
as the bond fund is available. The title to the land, or that part paid for
or otherwise acquired for these purposes, then vests in the city in the
manner, to the extent, for the purposes, and subject to the limitations
provided.
(b) Within sixty (60) days after land or an interest in it is acquired
or taken under this chapter, the board shall file and have recorded in
the recorder's office in the county in which the land is situated a
description of it sufficiently accurate for its identification, including a
statement of the purposes for which it is required or taken signed by a
majority of the board.
[Pre-Local Government Recodification Citations:
19-7-30-34; 19-7-30-35.]
As added by Acts 1981, P.L.309, SEC.111.